Currently, there are 1.43B common shares owned by the public and among those 1.42B shares have been available to trade.
The company’s stock has a 5-day price change of -1.50% and -6.63% over the past three months. SLB shares are trading -13.95% year to date (YTD), with the 12-month market performance down to -23.79% lower. It has a 12-month low price of $38.66 and touched a high of $61.20 over the same period. SLB has an average intraday trading volume of 10.82 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.86%, 3.85%, and -5.96% respectively.
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Institutional ownership of Schlumberger Ltd. (NYSE: SLB) shares accounts for 85.28% of the company’s 1.43B shares outstanding.
It has a market capitalization of $63.58B and a beta (3y monthly) value of 1.52. The stock’s trailing 12-month PE ratio is 14.65, while the earnings-per-share (ttm) stands at $3.06. The company has a PEG of 1.09 and a Quick Ratio of 1.13 with the debt-to-equity ratio at 0.63. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.95% over the week and 2.43% over the month.
Earnings per share for the fiscal year are expected to increase by 16.57%, and 15.41% over the next financial year. EPS should shrink at an annualized rate of 13.44% over the next five years, compared to 13.74% over the past 5-year period.
Looking at the support for the SLB, a number of firms have released research notes about the stock. TD Cowen stated their Buy rating for the stock in a research note on July 22, 2024, with the firm’s price target at $62-$64. Wells Fargo coverage for the Schlumberger Ltd. (SLB) stock in a research note released on April 29, 2024 offered a Equal Weight rating with a price target of $53. TD Cowen was of a view on April 22, 2024 that the stock is Buy, while Societe Generale gave the stock Buy rating on October 09, 2023, issuing a price target of $81. CapitalOne on their part issued Overweight rating on June 07, 2023.
